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Greece is not one of the countries that received a letter from the European Commission asking for clarification on their draft budget submitted earlier this week.
In addition to Italy, letters were received today: France, Spain, Slovenia, Portugal and Belgium. The letters are now posted on the Commission's website.
The European Commission today asked France "for clarification" on its budget for 2019, which would be in breach of European rules, a situation less serious than that of Italy.
The case of France and Italy
In a letter to the French Government, the Commission is concerned that the debt reduction efforts are insufficient and asks for more information on this subject.
The case of France is different from that of Italy, whose calculation can be rejected by Brussels. Rome is not accused of "inadequate" efforts, but a deliberate deviation from the rules on spending and deficit.
France's deficit, which came out last year of the "excessive deficit procedure", is expected to reach 2.8% of GDP in 2019, below the 3% threshold set by the European Union. but it is considered crucial for Brussels: a reduction in the structural deficit that will reach 98.6% of GDP in 2019, according to Paris. According to European rules, France must reduce it by 0.6% in 2019, but the budget presented by the French government provides for a reduction that will not exceed 0.3%.
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